You decide to put $1,000 in a new bank account and don’t plan to withdraw the money for 10 years. If your bank does continuous compounding and the interest rate is 1%, what will be the value of this bank account in 10 years
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Ответ:
$909.09
Explanation:
Total: $1000
Rate = 1%
Time: 10 years
P = 1000 / ( 1 + (0.01 × 10)) = 909.09090909091
Principal = $909.09
Hope this helped!
Ответ:
1st: Theatre History
4th Quarter
Upcoming
Due today
Syllabus
Due Sunday
Explanation:
1st: Theatre History
4th Quarter
Upcoming
Due today
Syllabus
Due Sunday